Jatronics not a semiconductor manufacturer in Malaysia, Miti says

 

The Investment, Trade and Industry Ministry has clarified that Jatronics Sdn Bhd is not a semiconductor manufacturer in Malaysia.

In a statement today, the ministry said Jatronics is a Malaysian trading company primarily engaged in “trading/wholesale trading of semiconductor and fabrication service”.

The ministry said Jatronics has been accused of supplying electronic components to Russian firms linked to the military-industrial complex and has recently been added to the United States unilateral sanction list.

“The ministry would like to highlight that the US Department of the Treasury’s action against Jatronics is part of its broader sanctions targeting 300 entities from various countries, including China, Belgium, Türkiye, Slovakia, and the United Arab Emirates, in connection with the Ukraine-Russia conflict,” it said.

Malaysia enforces Strategic Trade Management (STM) through the Strategic Trade Act 2010, which regulates the exports, transits, transhipments and brokering of strategic items, particularly those that could potentially be used for developing sophisticated military weapons, it said.

Safe, secure trading environment

“STM requires exporting companies and those in the supply chain to undertake all necessary efforts to ascertain key information, for example, the final destination, end-user and the usage of the product.

“Based on records, Jatronics is not a registered company under the act and has not applied for export permits,” it added.

The ministry also clarified that Malaysia adheres to multilateral sanctions and adopted a “restricted or prohibited end-user list” under the United Nations Security Council Resolutions (UNSCR).

“Russia has not been listed by UNSCR and therefore is not included under the act. Given global supply chain challenges and restrictions from unilateral sanctions, the ministry advises companies to be aware of sanction lists imposed by other countries, such as the US,” it said.

The ministry also urged exporters to be alert and stay informed of any trade-restrictive measures and unilateral sanctions imposed by major trading partners to ensure they will not be subjected to any sanctions or other non-tariff barriers.

The ministry informed that it has been engaging with the US Embassy in Kuala Lumpur on US unilateral sanctions while continuing to enhance the monitoring of international trade dealings of Malaysian exporters and manufacturers.

“The ministry will also continue its regular engagement with its key trading partners to address concerns, clarify Malaysia’s neutral stance, and ensure that our economic decisions continue to promote a safe and secure global trading environment,” it noted.

- Bernama